Brockhaus Technologies : Company Presentation January 2023

The Gateway into German Mittelstand Technology Champions

January 2023

Elevating Champions

We know	We know
Germany.	Mittelstand.

We know	We acquire
Technology.	Champions.

2

Building one of Germany's leading technology groups

Acquisitions

+

Value creation

+

Long-term growth

Acquisition Sourcing Execution criteria

Technology champions in niche markets

High margins and cash conversion Long-term growth potential

Vertical

growth

International-

ization

Enhancement

Elevating champions

Strategic know-how transfer

Access to Brockhaus Technologies network

Reinvestment

of cash flows &

repayment of debt

Sustainable profitable growth

"Cash Compounding Mode"

Reinvestment of cash flows

Continuous strategic refinement

Add-on acquisitions

3

>20 years track record of delivering strong returns to investors

			2014
	2001	2007	Launch of
	Launch of	Brockhaus Private
	Launch of	Brockhaus	Equity III
	Brockhaus	Private Equity II	Fully invested since 2017
	Private Equity I	Closed 2019	2.7x
	Closed 2015	2.1x
Gross multiple	2.6x	33%2
26%
IRR	53%1
		7 Companies	5 Companies2
	7 Companies1

Note: Detail in IPO prospectus. Gross multiple refers to sales proceeds from disposal divided by historical acquisition costs. IRR refers to internal rate of return. Gross figures do not take into accounts costs and fees incurred holding or selling a company.

1. Excl. venture capital investments; 2. Incl. realized and unrealized investments.

	2021
	Renaming in
	Brockhaus
2017	Technologies
Inception of	2023+
Brockhaus Capital
Management	Sale

Acquisition

Long-term oriented technology group

Ability to fully participate in subsidiaries' growth potential

Sustainable profitable growth and reinvestment of cash flows

4

Brockhaus Technologies at a glance

		IHSE China
IHSE	IHSE	IHSE South Korea
France	Israel

Established

2017

Businesses

Revenue 20211 (ex Palas)2

€105m

IHSE USA

Headquarters

Frankfurt

Germany

Employees

~330

Adj. EBITDA 20211 (ex Palas)2

€41m (39% margin)

Bikeleasing

Austria kvm-tec

Bikeleasing

Hofmann Leasing

IHSE Asia

IHSE Middle

East & South

Asia

Bikeleasing HQ

Brockhaus Technologies

IHSE HQ

1. Pro forma figures showing the results of operations as if Bikeleasing and kvm-tec had already belonged to Brockhaus Technologies and IHSE, respectively, as of January 1, 2021;

Revenue adjusted for effects resulting from purchase price allocation (PPA).

5

2. Reduced retrospectively by the contributions of the former subsidiary Palas (IFRS 5); Therefore, the information differs from the previously published figures.